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Australia Passenger Car Market Size, Share, Trends, Growth: By Vehicle Type: Compact SUV, Hatchback, SUV, Sedan; By Fuel Type: Diesel, Hybrid, Petrol, Electric; By Application: Commercial, Personal; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Australia Passenger Car Market Outlook
The Australia passenger car market size reached USD 61.035 billion in 2023. The market is expected to grow at a CAGR of 8.20% between 2024 and 2032, reaching almost USD 122.457 billion by 2032.
Key Takeaways:
- According to FCAI, Australia's automotive industry recorded over a million new vehicles registration in 2022, with SUVs and light commercials making up 76.8% of sales, including eight of the top 10 vehicles. Electric cars constituted 3.1% of sales.
- As per The Australian Electric Vehicle Association (AEVA) LTD, the ACT Government's Transition to Zero Emission Vehicles Action Plan saw 7,233 battery electric vehicle registrations by March 1, 2024.
- The industry has been witnessing a steady increase in vehicle prices over the years.
Hybrid vehicles are driving the Australia passenger car market growth by combining internal combustion engines with electric motors, enhancing fuel efficiency and lowering consumption
Hybrid vehicles provide fuel efficiency by merging gasoline and electric power, lowering emissions for environmental advantages. They lead to cost savings, quiet operation, regenerative braking, improved resale value, and effective performance, promoting an eco-friendly image.
Electric cars bring environmental benefits through zero tailpipe emissions, decreasing air pollution and greenhouse gases. The Australia passenger car market developments are attributed to fuel savings technologies, government incentives, smooth performance, advanced technology, extended range, and quieter operation, enhancing driving experiences while supporting public health.
Renault launched the Renault Megane E-Tech in Australia, a blend of hatch and mini-SUV. It became the first purpose-built electric car offered by the renowned French manufacturer.
Market Segmentation
Australia Passenger Car Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
- Compact SUV
- Hatchback
- SUV
- Sedan
Market Breakup by Fuel Type
- Diesel
- Hybrid
- Petrol
- Electric
Market Breakup by Application
- Commercial
- Personal
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia passenger car market key players are Toyota Motor Corporation Australia, Mercedes-Benz Australia/Pacific Pty Ltd., Ford Motor Company of Australia Pty Limited, Honda Australia Pty Ltd, and Nissan Motor Co. (Australia) Pty Ltd among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Fuel Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Passenger Car Market Overview
8.1 Key Industry Highlights
8.2 Australia Passenger Car Historical Market (2018-2023)
8.3 Australia Passenger Car Market Forecast (2024-2032)
9 Australia Passenger Car Market by Vehicle Type
9.1 Compact SUV
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Hatchback
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 SUV
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Sedan
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Australia Passenger Car Market by Fuel Type
10.1 Diesel
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Hybrid
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Petrol
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Electric
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Australia Passenger Car Market by Application
11.1 Commercial
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Personal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Passenger Car Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Toyota Motor Corporation Australia
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Mercedes-Benz Australia/Pacific Pty Ltd
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Ford Motor Company of Australia Pty Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Honda Australia Pty Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Nissan Motor Co. (Australia) Pty Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Passenger Car Market: Key Industry Highlights, 2018 and 2032
2. Australia Passenger Car Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
3. Australia Passenger Car Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
4. Australia Passenger Car Historical Market: Breakup by Fuel Type (USD Billion), 2018-2023
5. Australia Passenger Car Market Forecast: Breakup by Fuel Type (USD Billion), 2024-2032
6. Australia Passenger Car Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Australia Passenger Car Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Australia Passenger Car Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Australia Passenger Car Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Australia Passenger Car Market Structure
Key Questions Answered in the Report
The market was valued at USD 61.035 billion in 2023.
The market is projected to grow at a CAGR of 8.20% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 122.457 billion in 2032.
The passenger car market is categorised according to the vehicle type, which includes compact SUVs, hatchbacks, SUVs, and sedans.
The key players are Toyota Motor Corporation Australia, Mercedes-Benz Australia/Pacific Pty Ltd., Ford Motor Company of Australia Pty Limited, Honda Australia Pty Ltd, and Nissan Motor Co. (Australia) Pty Ltd among others.
Based on the fuel type, the passenger car market is divided into diesel, hybrid, petrol and electric.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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